VCs click on smaller, niche e-tailers

Top venture capital (VC) investors like SAIF Partners, Sequoia CapitalIndia and Matrix Partners India are making about half a dozen early bets on a new set of e-commercecompanies. These startups are catering to the next 100 million internet users who have come to the e-market. The startups — Bulbul, Simsim, WMall, Mall91 and DealShare — are using vernacular language to make the user comfortable... Continue Reading →

Lee Fixel to leave Tiger Global, set to hunt alone in India and beyond

BENGALURU | NEW DELHI: Lee Fixel, the secretive American investor, best known in India as the man who powered the rise of ecommerce giant Flipkart, is poised to return to his old hunting grounds in a new avatar, said several members of the country’s startup fraternity who are directly aware of his plans. On Thursday, Tiger Global, the... Continue Reading →

Draft e-commerce policy will wreak havoc on Indian startups

On March 4, the US government announced that India would no longer be entitled to benefits under the Generalised System of Preferences programme, which allowed many Indian goods to be exported to the US duty-free. According to the US trade representative, this is because India had “implemented a wide array of trade barriers” that harmed... Continue Reading →

Indian Coffee House opens doors to women staff

KANNUR: Ever since the Indian Coffee House was established as a cooperative by communist leader AK Gopalan in 1958 after the coffee outlets under the Coffee Board dismissed its workers, it has been a ‘no-go zone’ for women employees. Now, after almost 61 years, the cooperative chain of hotels has written a new chapter in its history by allowing six women... Continue Reading →

Driven by its cuisine, Japanese food exports to India jumped 40 per cent in 2018

Indicative of the growing popularity of Japanese cuisine in India, food exports from the East Asian nation jumped 40 per cent in 2018. Even as it is working with various entities to further bump this up and has bestowed a government-authenticated tag on 36 fine diners. "Last year, Japan reached an agreement with India on the sanitary certificate of fishery products exported... Continue Reading →

Startups mop up $7 bn from PEs, VCs in 2018

MUMBAI, Mar 8 (PTI) E-commerce and consumer Internet companies have raised over USD 7 billion in private equity and venture capital funds in 2018, says a report. Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of USD 4.6 billion in 2018, says an EY... Continue Reading →

Amazon India ties up with Kudumbashree

Kochi: Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India will support, train and empower women entrepreneurs associated with the organization and provide a marketplace for them to showcase their products to Amazon customers across the country. Kudumbashree is one of... Continue Reading →

Online pharma sales in India to hit 25,000cr in 4 years

MUMBAI: The domestic epharmacy market is poised to touch Rs 25,000 crore by 2022, at a robust CAGR of 63%, buoyed by an increased access of medicines to a majority of under-served population, longterm drug compliance for chronic conditions, and rising internet penetration. Online sale of medicines, now at Rs 3,500 crore, could account for... Continue Reading →

SoftBank fund leads $60m round in Grofers

Bengaluru: Online grocer Grofers has raised about $60 million, led by Japanese internet and telecom giant SoftBank’s Vision Fund. The latest investment of SoftBank in Grofers is routed via the $100-billion Vision Fund. TOI sourced these documents from business intelligence platform After raising this capital, Grofers is said to be valued at $425 million, according to... Continue Reading →

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